Mariner LLC Has $1.46 Million Stock Position in Celestica Inc. (NYSE:CLS)

Mariner LLC lifted its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 41.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,794 shares of the technology company's stock after purchasing an additional 4,593 shares during the quarter. Mariner LLC's holdings in Celestica were worth $1,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after purchasing an additional 1,401,877 shares in the last quarter. FIL Ltd boosted its holdings in shares of Celestica by 5,976.1% during the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after purchasing an additional 3,406,723 shares during the last quarter. Invesco Ltd. boosted its position in shares of Celestica by 20.2% during the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after acquiring an additional 494,542 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Celestica during the 4th quarter worth approximately $139,008,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Insider Transactions at Celestica

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the transaction, the president now directly owns 175,426 shares in the company, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yann L. Etienvre sold 83,179 shares of Celestica stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the sale, the insider now directly owns 9,224 shares in the company, valued at $1,127,910.72. This trade represents a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock valued at $116,673,769 in the last three months. 1.00% of the stock is owned by corporate insiders.

Celestica Trading Down 1.1 %

CLS traded down $0.99 during trading on Tuesday, reaching $86.78. The company had a trading volume of 579,629 shares, compared to its average volume of 3,121,284. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 23.46 and a beta of 2.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm's 50-day simple moving average is $88.34 and its 200 day simple moving average is $92.67.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The firm's revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. Equities research analysts anticipate that Celestica Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CLS shares. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday. Royal Bank of Canada restated an "outperform" rating and set a $120.00 target price on shares of Celestica in a research report on Monday. Finally, Stifel Nicolaus upped their price target on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $104.09.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.